| Fair Value Accounting, Historical Cost Accounting, and Systemic Risk: Policy Issues and Options for Strengthening Valuation and Reducing Risk Contributor(s): Greenberg, Michael D. (Author), Helland, Eric (Author), Clancy, Noreen (Author) |
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ISBN: 0833082124 ISBN-13: 9780833082121 Publisher: RAND Corporation OUR PRICE: $25.60 Product Type: Paperback Published: October 2013 |
| Additional Information |
| BISAC Categories: - Business & Economics | Banks & Banking - History | United States - General - Law | Banking |
| Dewey: 657.76 |
| LCCN: 2013950607 |
| Physical Information: 0.32" H x 8.37" W x 10.57" (0.68 lbs) 108 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: In the wake of the 2008 financial crisis, conflicting arguments have been made about fair value accounting (FVA) versus historical cost accounting (HCA) and the role that each played in the crisis. This report examines the relationship between both types of accounting practices and systemic risk in the financial sector, providing recommendations on how FVA and HCA can both be improved. |